Whole Life Insurance Explained (Canada)

❗Online Life Insurance Recommendation and Instant Quote❗

In this video, I go over the features of a Whole Life policy and how it works in Canada. What is the difference between non-participating and participating insurance.

❗Online Life Insurance Recommendation and Instant Quote❗

👩‍❤️‍💋‍👨IMPORTANT Insurance Videos for Canadians👩‍❤️‍💋‍👨

🗂️IMPORTANT Tax Videos for Canadians🗂️

🟦About Affinity Life🟦
Affinity Life is an online life insurance platform dedicated to busy Canadians. We believe you shouldn’t have to run through a sales gauntlet to obtain life insurance to protect your family. We’re setting out to finally revolutionize and innovate in an industry that hasn’t significantly changed in the last 100 years. We hope you can join us on our journey. Founded in 2020 and headquartered in Calgary, AB, Affinity Life is 100% founder-owned.

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[AffinityLife]

Compare Instant Term Life Insurance Quotes Online in Seconds at Affinity Life

[Angela-rfcn]

You look more relaxed, haha! Love it!

[michaelnicholson]

Thank you Phillip; would like to learn more regarding corporations and life insurance policies….

[MrOryan]

Here a question for you...
What type of life insurance policy do life insurance rep have for themselves?

[stephenboyd]

Really looking forward to the video about policy vs collateral loans, and the complexity of qualifying for a collateral loan. Thanks for all your content. Great stuff 💪🏼

[p.suneeth]

Can a temporary resident get the permanent life insurance?

[bmalhotra]

Perhaps I'm a little confused. In the enhanced insurance option, why would I purchase another term insurance when I already have life insurance that I'm paying premiums on? what is the true benefit here?

[joshstephens]

Can I put a lump sum payment of 1 million dollars into a whole life policy, and commit to annual premiums of 10k, all the while borrowing against the initial lump sum?

[markf.]

This is a quote from Whitecoatinvestor in their post titled "Why is whole life insurance a bad idea most of the time."
REGRETTED BY MOST PURCHASERS
Rather than hold a whole life policy for their entire life (as it is designed) four out of five surrender it early. In fact, over one third surrender it within five years of purchase. Once people realize and understand what they have bought, they no longer want it and have few options, none good.

[elvisisalive]

I slowed it down to 50%, turned on captions, and realized I'm still confused.

[xFabel]

Great info but the nipple piercings were distracting.

[lookinggrand]

I thought you could give yourself an income by taking out a loan through your whole life insurance and not pay income tax